The team at a $665-billion-AUM (as of February 28), publicly traded fund firm is rolling out a trio of active equity ETFs.
| Seth P. Bernstein|
On Tuesday, Noel Archard
, global head of ETFs and portfolio solutions at AllianceBernstein L.P.
], and Onur Erzan
, head of the global client group and the private wealth, unveiled
the launch of three funds: AB Disruptors ETF
(FWD on the NYSE Arca
), the AB US High Dividend ETF
(HIDV), and the AB US Low Volatility Equity ETF
(LOWV). All three new funds listed on Wednesday and are series of AB Active ETFs, Inc.
AllianceBernstein serves as the investment advisor to all three new funds. LOWV, which comes with an expense ratio of 48 basis points, now has $4.94 million in AUM. HIDV, which costs 45 bps, has $4.87 million. And FWD, which costs 65 bps, has $5.02 million.
, a senior vice president, is the portfolio manager for FWD. Vikas Kapoor
(SVP), Eugene Smit
(VP), and Cherie Tian
(VP) are the PMs for HIDV. And Kent Hargis
, SVP, is the PM for LOWV.
"Drawing upon the success of our inaugural ETFs launched in 2022, this new suite of Equity ETFs demonstrates our commitment to delivering best-in-class investment strategies in adaptable and accessible vehicles for all investors," Archard states.
The new funds' other service providers include: Ernst & Young LLP
as independent consulting firm; Foreside Fund Services, LLC
as distributor; Seward & Kissel LLP
as counsel; and State Street Bank and Trust Company
as administrator, custodian, and transfer agent.
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